In Brief
A property owner agreed to sell his mortgaged property to a buyer for Rs.37.5 lakhs. After the buyer paid partial advances totalling Rs.18 lakhs over an extended period but took no meaningful action for years, he sued for specific performance. The Supreme Court held that the buyer had failed to demonstrate continuous readiness and willingness to complete the transaction as required by law, citing long gaps without action and sporadic payments. The Court dismissed the specific performance suit, ordered the buyer to return possession, and required the seller to refund the Rs.18 lakhs advance. No mesne profits were awarded as the seller had retained the advance amounts received."
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